Stevens Capital Management LP Invests $532,000 in General Mills, Inc. (NYSE:GIS)

Stevens Capital Management LP acquired a new position in General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,335 shares of the company’s stock, valued at approximately $532,000.

Other institutional investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new position in shares of General Mills in the fourth quarter worth about $26,000. CBIZ Investment Advisory Services LLC purchased a new stake in shares of General Mills during the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Mills during the fourth quarter worth about $31,000. VSM Wealth Advisory LLC purchased a new stake in shares of General Mills during the fourth quarter worth about $32,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of General Mills during the fourth quarter worth about $34,000. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is owned by corporate insiders.

General Mills Price Performance

NYSE:GIS opened at $58.78 on Monday. The firm has a market capitalization of $32.40 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The business has a 50 day simple moving average of $60.00 and a 200-day simple moving average of $65.17. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the company earned $1.17 EPS. Equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.75%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GIS. Barclays cut their target price on General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Mizuho cut their target price on General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday. Citigroup cut their target price on General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Bank of America cut their target price on General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Piper Sandler cut their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, General Mills has an average rating of “Hold” and a consensus target price of $66.53.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.